02 Dec Penske Logistics to Acquire Black Horse Carriers Penske Logistics announced it reached an agreement to acquire Chicago-based trucking company Black Horse Carriers Inc. Read more...
02 Dec Fed Sees Moderate Growth With Virus Causing Slowdowns The U.S. economic recovery remained moderate across much of the country, and showed signs of a slowdown in areas where coronavirus cases are particularly high, according to a Federal Reserve report. Read more...
02 Dec Congestion, Slowdown at Ports Cause Growing Concern Many of the nation’s ports, especially on the West Coast, are reporting long delays to unload cargo ships, and warehouses near those facilities are filled as the supply chains are overloaded with goods. Read more...
02 Dec Jason’s Law Survey Shows Truck Parking Remains a Challenge A five-year update to a major parking availability survey for truck drivers had the pretty much the same bottom line: There remains an overall critical shortage of parking spaces for truck drivers. Read more...
02 Dec Cars on Hyundai’s Electric Platform Can Charge 80% in 18 Minutes Hyundai Motor Group plans to build 23 electric vehicles on its new EV-dedicated platform, and is aiming to sell 1 million of the cars worldwide by 2025, the South Korean automaker said Dec. 2. Read more...
02 Dec Biden Win Is Pressuring Carmakers to Unite on Tailpipe Rules Carmakers that signed up for President Donald Trump’s battle with California over auto emissions are now being pressured to join a peace plan brought on by the election of Joe Biden. Read more...
02 Dec Central Freight Lines Taps Jerry Moyes as CEO Less-than-truckload carrier Central Freight Lines Inc. announced it named Jerry Moyes CEO, effective immediately. Read more...
02 Dec Coronavirus Likely Altered Supply Chains Permanently, XPO’s Chowdhury Says Supply chains have changed dramatically to adapt to the coronavirus, but many of those changes may outlast the pandemic. Read more...
02 Dec CSX Agrees to Buy New England’s Pan Am Railways CSX Corp. has agreed to buy Pan Am Railways Inc., North America’s largest regional railroad based in New England, extending CSX’s reach in Connecticut, Massachusetts and New York and adding Maine, New Hampshire and Vermont to its 23-state network. Read more...
02 Dec Joe Biden Says He Won’t Immediately Lift China Tariffs President-elect Joe Biden says he won’t immediately lift tariffs placed by President Donald Trump on many imports from China or break Trump’s initial trade deal. Read more...